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is it possible to turn $100 to $1000 in 4 weeks ? (real account)
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FXandrew7

Member Since Sep 17, 2014  1 posts FXandrew7 Jan 30 2015 at 08:14
Any good pro trader, even a smart newbie knows that flying by the seat of your pants isn't sustainable. Results like these are ideal, but you have to count for draw-down, risk management and probabilities of your strategy. Home runs only happen a given amount of time for the average hitter,
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Cholipop

Member Since Aug 07, 2014  406 posts Cholipop Jan 30 2015 at 08:15
alexforex007 posted:
Agree with Thershold, high leverage and you can make it, the problem is doing it over and over.


 Why would it be a problem in doing it over and over again?

Why guess, when you can react to what is in front of you.
eliottmorst

Member Since Jan 23, 2015  13 posts eliottmorst (eliottmorst) Jan 30 2015 at 08:21
Hhhhmmmmm........

don't get emotionally involved
ArielleTolome

Member Since Feb 01, 2015  5 posts Ariel Tolome (ArielleTolome) Feb 02 2015 at 07:47
First and most important is start demo first and triple your account 3 TIMES before you even start to trade for real. If you are using a demo account try to turn that $100 into $300 and repeat with a new account from $100 and do it again. The reason why I want you to do this is to develop discipline. There is no such thing as 'Get rich quick' (unless you are damn lucky to win the lottery).

It is definitely possible to turn $100 into $400. But first thing first, you should think about money management and risk management before you even start.

Lots of traders use 2% risk but I use 1% risk.
2% of 100 is 2
1% of 100 is 1.

You definitely don't wanna lose anything below $2.

I suggest starting out with 1 or 2 microlots.
1 microlot = 10 cents per pip
2 microlot = 20 cents per pip

So if your risk is $2, then would take 20 pips to lose that risk in 1% risk or 10 pips to lose that risk in 2%.

The 2nd thing is your profit goal, you never want to have fear or greed.
Greed will turnaround your profits into losers, and fear will cause you to gain a small profit or a loss.

You wanna try to get a goal that is realistic. Such as 'I wanna make 10 pips a day', unrealistic goals are 'I wanna make 200 pips a day'. Theses unrealistic goals are possible, only if you are really that experienced.

Don't lose your capital
kanon103

Member Since Nov 29, 2013  99 posts kanon103 Feb 02 2015 at 08:39 (edited Feb 02 2015 at 08:41 )
FXandrew7 posted:
Any good pro trader, even a smart newbie knows that flying by the seat of your pants isn't sustainable. Results like these are ideal, but you have to count for draw-down, risk management and probabilities of your strategy. Home runs only happen a given amount of time for the average hitter,


what's the point to hide net profit if you didn't hide the lot sizes and pips??
you want to show off but want to hide your profits. and don't know how to hide.
i cant tell if your stupid or smart.

VincentD

Member Since Jan 23, 2015  9 posts VincentD Feb 02 2015 at 09:53
Some wisdom of @ArielleTolome :)

Risk:Reward factor is more important than any strategy. If you risk 1% to win 1% you are set to loose, if you however set 1% risk to win at least 3% (beter 4%). In that way ou only need 1 out of 4 risks to be right and you still be breaking even. If 50% of your trades went good you'll have a nice profit.

I risk 0.5 for my account to gain 3-4%. (I can loose 80% of the time and still be profitable).

discipline > luck

kanon103

Member Since Nov 29, 2013  99 posts kanon103 Feb 02 2015 at 11:32 (edited Feb 02 2015 at 11:35 )
VincentD posted:
Some wisdom of @ArielleTolome :)

Risk:Reward factor is more important than any strategy. If you risk 1% to win 1% you are set to loose, if you however set 1% risk to win at least 3% (beter 4%). In that way ou only need 1 out of 4 risks to be right and you still be breaking even. If 50% of your trades went good you'll have a nice profit.

I risk 0.5 for my account to gain 3-4%. (I can loose 80% of the time and still be profitable).

discipline > luck


you forget about one thing

increase win% = increase losing trades
decrease risk% = also increase losing trades

i do agree it is important but the more differences between win% and risk% the more losing trade you will get.
in this case there is great chance to loose more than 80% and not profitable.

kanon103

Member Since Nov 29, 2013  99 posts kanon103 Feb 02 2015 at 12:14
use more your brain > luck > discipline
by the way.

DrVodka

Member Since Dec 16, 2011  292 posts DrVodka Feb 02 2015 at 12:59
here is my 100 $ to 500 $ ( 400 % ) in one day DD was 33 % . lol

https://www.myfxbook.com/members/DrVodka/mt4-1027730/1143844

U welcome.

Cholipop

Member Since Aug 07, 2014  406 posts Cholipop Feb 02 2015 at 13:02
VincentD posted:
Some wisdom of @ArielleTolome :)

Risk:Reward factor is more important than any strategy. If you risk 1% to win 1% you are set to loose, if you however set 1% risk to win at least 3% (beter 4%). In that way ou only need 1 out of 4 risks to be right and you still be breaking even. If 50% of your trades went good you'll have a nice profit.

I risk 0.5 for my account to gain 3-4%. (I can loose 80% of the time and still be profitable).

discipline > luck


 How is R:R factor much more important then any strategy? Your R:R is simply an expection of how many pips you are willing to give up before you close for profit. Your REAL R:R is what counts, and it almost always varies from what one expects.

Why guess, when you can react to what is in front of you.
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